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Weekly: Most Pulses Rise Over the Week, Barring Masoor

12 Oct 2020 9:38 am
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MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Moong and White Pea moved higher for the week ended 10th October amid improved mill buying activity. Only, Masoor prices eased due to slack millers’ trade.

Weekly Highlights

# Piyush Goyal Gets Addl Charge of Consumer Affairs, Food and Public Distribution Ministry.
# 1545 Importers Allowed to Import Urad By March 2021. As per the notification each eligible and verified importer shall be allowed to import 97 MTs approximately. DGFT rejected 126 applicants on the grounds of false information/documents submitted.
# Low forms in Bay; IMD Forecasts Heavy Rains for AP-Telangana, Odisha.
# Japan Weather Bureau says 90% Chance La Nina to Continue into winter.
# Withdrawal of Monsoons Likely to be Stalled until Next Week--IMD.
# September Shipments of red Masoor from Canada slips 21% month-on-month. Exports for the month reached 138,085 MT, down from 174,848 MT the prior month. Red lentils shipments so far during the marketing year reached 138,085, up 364% last year. India was the largest importer, buying 82,881 MT for the month. Turkey was the second most important consumer taking 27,254 MT, followed by United Arab Emirates at 20,412 MT.
# September Shipments of Masoor from Canada dropped 29.7% at 211,702 MT, as compared with last month. The exports so far during the marketing year rose to 211,702, up 85% last year. India was the biggest importer of Canadian lentils, taking 105,474 MT. Turkey was the second biggest consumer receiving 29,006 MT, followed by United Arab Emirates at 22,469 MT.
# The proposal from the States, approval was accorded for procurement of 30.70 LMT of Pulse and Oilseeds for Kharif Marketing Season 2020 for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh and Andhra Pradesh.
# Up to 08.10.2020, the Government through its Nodal Agencies has procured 455.60 MT of Moong having MSP value of Rs. 3.28 Crores benefitting 324 farmers in Tamil Nadu and Haryana.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin, both old and new, continued upward rally and surged sharply by Rs 800/100kg to Rs 7,600-7,800/100Kg, in Mumbai, due to weak availability of imported-domestic Tur. Prices were additionally supported by reports of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains.

Moreover, improved trade activity in processed Tur supported prices.

Higher bids were reported in FCI/Nafed tender to purchase old procured Tur.

Similarly, domestic variety Tur traded higher by Rs 500 to Rs 8,325-8,350/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing. Meanwhile, some profit taking was witnessed at higher rates from last couple of days. Millers and resellers were active to liquidate their stock due to fear of government may step to control prices. Government agencies may liquidate procured stocks from next week and also government will allocate quota to millers/refineries sooner than later, due to shortage of Tur.

Overall tur prices are likely to get support at lower rates, as arrival of new domestic crop is still two months away. Moreover, import parity will be higher, if government gives import quota to millers. Meanwhile, supply from Mozambique is likely to continue.

Tur ( Prices In Rs /100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai Lemon 7600-7800 6800-7000 6400-6600 4800-4825
Akola Desi Bilty 8325-8350 7800-7850 7300-7325 5575-5600
Gulbarga Desi 8500-8700 NA 7000-7300 5400-5500
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Akola Phatka 11400-11500 10400-10600 9800-10000 7700-7900
Gulbarga Phatka 11200-11600 NA 9800-10200 7800
Katni Phatka 11600-11700 10500-10600 9900-10000 8050-8150


Burma Urad:

Price of Burma Urad FAQ new variety moved higher by Rs 700 to Rs 8,200/100Kg, in Mumbai amid mill buying at lower rates, on immediate requirement for crushing, against limited ready stock and zero supply pressure from overseas markets.

Similarly in Chennai, Burma Urad FAQ-SQ varieties also gained Rs 800-900 at Rs 8,300-8,350/100Kg and Rs 9,500-9,550 respectively.

As per Burma based local trader, Urad FAQ/SQ varieties gained at Burma amid India buying. Around 50 containers of Urad FAQ/SQ been traded for India. Urad SQ traded at $1135 per metric ton and FAQ variety at $950 on FOB basis. No vessel for India was reported in near future.

DGFT allocated import quota for the current FY up to March 2021. As per the notification each eligible and verified importer shall be allowed to import 97 MTs approximately.

Buyers are still cautious as news is making round in markets that government will allocate additional import quota of around 1-1.5 Lakh tonnes more, soon.

Arrival of new Urad is expected to increase in coming days, as farmers will actively liquidate stocks at existing rates.

However, arrivals of superior quality Urad is weaker as compared to average/damaged quality. Hence, millers were facing difficulty in getting good quality Urad for crushing.

In forward trade at Chennai, more sellers were registered as compared to buyers against October month.

As per market view, prices are likely to get support due to no overseas supply pressure, damage to yield and quality of domestic Urad and limited carry over stock with government/private traders.

Urad ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai FAQ FAQ 8200 7450 7500 5600
Chennai FAQ 8300-8350 7500 7625-7650 5900
Chennai SQ 9500-9550 8600 8825-8850 6900
Jalgaon Desi 7450-8000 7150-7400 NA 5500-6000
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai 10400-11000 10000-10400 10000-10400 7000-7200


Chana Kantewala (Indore):

Chana prices extended gains by Rs 100 to Rs 5,500-5,525/100Kg in Indore, as millers were facing difficulty in procuring good quality supplies for crushing amid depleting stocks with NAFED and physical markets.

However, demand and sale counters in Chana dal/besan witnessed slow activity at higher rates.

The rumour of duty reduction on imported chana is not verified, yet. But, buyers are still away from making aggressive purchases.

Also, NAFED has been active at liquidating stocks at higher rate and rejected bids of lower rates.

In Mumbai, Tanzania-origin Chana was almost steady at Rs 5,400/100Kg due to supplies from its origin.

On other hand, Sudan and Russia-origin Kabuli Chickpea gained Rs 50, each, at Rs 5,600 and Rs 5,500, respectively.

As per market talk, Chana prices are likely be underpinned at lower rates due to demand hopes of increased consumption amid festive season. Negligible overseas supplies of White Pea will support Chana prices further. However supply of Kabuli Chickpea has been witnessed, but parity is higher.

Demand of seeds for sowing is expected to rise as rabi sowing begins soon. As per market sources, sowing has begun in some places of Andhra Pradesh.

Chana ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai Australia NA NA NA 4250
Tanzania 5400 5400 5350-5400 NA
Burma NA NA NA 4150
Indore Katewala 5500-5525 5400-5450 5350-5400 4325-4350
Delhi Rajasthan origin 5625 5425-5450 5450-5475 4450
Akola 5525-5550 5525-5550 5525-5550 4475-4500
Bikaner 5400 5300 5250 4250
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Akola 6500-7200 6500-7000 6300-6900 5100-5700
Indore 6500-7000 6500-7000 6200-6500 NA
Jaipur 6500 6350 6300-6325 5400
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai 3850 3800 3750 3030
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Indore 40-42 NA NA NA 5850
42-44 7550 7500 7650 5650
44-46 7400 7350 7500 5550
Dollar 6800-7200 NA 6800-7100 4800-5300
Mumbai Sudan 5600 5550 5450-5500 4225
Ethiopia NA NA NA 4150
Russia 5500 5450 5400-5450 4150
Burma NA NA NA 4350


Imported Masoor (Mumbai):

Canada crimson variety and Australia-origin Masoor in Mumbai widened losses by Rs 25-50 at Rs 5,281-5,325/100Kg and Rs 5,400-5,425, respectively in Mumbai, amid dull mill buying.

Availability of imported raw and processed Masoor stocks at cheaper rates, slower offtake in processed Masoor and reduced import duty has dampened the sentiments.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 10-20 each, at Rs 5,271/100Kg, respectively.

As per market talk, Masoor prices are likely to get some support due to cheaper rates compared to other pulses and hike in MSP to Rs 5,100/100Kg.

Demand of seeds for sowing is also expected as rabi sowing will begin soon.

Masoor ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai Canada 5281-5325 5281-5350 5350-5450 3900-4025
Australia 5400-5425 5400 5525 4125
Mundra Canada 5271 5271 5331-5341 NA
Hajira Canada 5270 5281 5351 NA
Kolkata Canada 5350-5400 5350-5400 5375-5450 4150-4250
Australia 5550-5650 5550-5700 5550-5750 4300
Indore Desi 5600-5650 5600-5650 5600-5650 4100-4150
Raipur Desi NA NA NA 4175-4200
Kanpur Desi 5925 5875 6000 4375
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Khopoli 6400 6400 6400 5100-5200
Katni NA NA NA 4800


Imported White Pea (Mumbai):

White Pea prices gained Rs 50 to Rs 6,400/100Kg at Kanpur market on fresh demand from local and outstation markets, for graded quality White Pea.

Similarly, price of White pea, besan and dal traded higher by Rs 50-100/100Kg amid shortage. Moreover, crushing of White Pea for making dal and besan by mills were less interesting due to unavailability of White Pea. Major mills have halted the crushing activity in White Pea.

Customs department has not released the imported pulses yet, as the release will contradict the government’s existing policy.

White Pea ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai Canada NA NA NA 4875
Kolkata Canada NA NA NA 5150
Kanpur 6400 6350 6450 5250
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai 3950 3900 3750 3200
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Mumbai 7200 7100 7000 5800


Moong (Jaipur):

Moong old prices rose by Rs 300 at Rs 7,800-7,900/100Kg in Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing.

Similarly, old variety Moong traded higher in many markets of Madhya Pradesh on local and outstation millers buying activity despite higher arrivals.
Arrivals of superior quality Moong is less compared to average/damaged quality at major producing centres. Hence, millers were facing difficulty in getting good quality Moong for crushing and polishing.

Moreover, demand and sale counter in processed Moong was also reported to be good.

Yield and quality of new Moong is affected due to rains in major producing centers. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan. However, higher kharif output in the country this year reported and record production estimates.

Robust summer crop of Moong was reported this year in Madhya Pradesh and Moong supply will most likely continue till next year.

Pace of procuring new Kharif Moong is negligible by government agencies at MSP prices.

Farmers continue to be in possession of the stock and eagerly waiting for government to procure. Arrivals and supplies stocked in godowns, meanwhile are enough to offset current requirements.

Moong ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Jaipur Kharif 7800-7900 7500-7600 7700-7800 5800-6100
Harda Summer NA NA NA 5600-6400
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 10-Oct-20 03-Oct-20 26-Sep-20 10-Oct-19
Jaipur 8600-8700 8200-8300 8400-8500 7600-7700
Gulbarga 9100-9200 NA 8800-9000 8400
Akola NA NA NA 7300-7800


Nafed Procured Moong As On 7 Oct, 2020
State MT
Tamil Nadu 46.35
Haryana 330.3
Total 376.65

(By Commodities control Bureau; +91 9820130172)

       
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